From Insurance Journal

HCC Insurance Holdings Inc., headquartered in Houston, Texas, announced it has reached an agreement to acquire Missouri-based Perico Ltd. for an undisclosed consideration consisting of cash and HCC shares. The transaction is expected to close shortly

Perico is an insurance underwriting agency located in St. Louis, Mo., and is recognized as one of the premier underwriters in medical stop loss insurance. The founding management team of Carl C. Petty, Erwin F. Rittinger and Larry G. Cook will remain with the company following closing. Perico has been in business since 1988 and currently writes more than $50 million in premium.